DeFi - Panama
Panama- The DeFi market is expected to witness significant growth in the coming years.
- According to projections, the revenue in this market is set to reach US$45.0k by 2024.
- This represents a substantial increase in comparison to the current figures.
- Furthermore, it is estimated that the revenue will continue to grow at an annual rate of -2.52% from 2024 to 2025.
- As a result, the total revenue is expected to reach US$43.8k by 2025.
- In terms of average revenue per user, the DeFi market is projected to have an average of US$4.6 per user in 2024.
- This figure indicates the amount of revenue generated by each user on average.
- It is worth noting that this number is subject to change and may vary across different countries and market segments.
- When comparing the DeFi market globally, it is evident that United States leads in terms of revenue.
- In 2024, United States is projected to generate the highest revenue of US$73.3m.
- This highlights the dominance of the United States in the DeFi market and its significant contribution to the overall revenue generated in this sector.
- Looking ahead, the number of users in the DeFi market is expected to increase steadily.
- By 2025, it is estimated that the market will have approximately 9.72k users users.
- This demonstrates the growing interest and adoption of DeFi market platforms by individuals worldwide, including those in Panama.
- In terms of user penetration, it is predicted to be 0.21% in 2024 and is expected to rise to 0.21% by 2025.
- This indicates the percentage of the population that actively engages with DeFi market platforms.
- As the market continues to evolve, it is anticipated that more individuals will embrace DeFi market and contribute to its growth and development in Panama and beyond.
- Panama's DeFi market is rapidly expanding due to its favorable regulatory environment and growing interest from local investors.
- Key regions:
- Brazil,
- South Korea,
- India,
- France,
- Japan
Definition:
Decentralized Finance (DeFi), refers to a set of financial services and products that are built on decentralized blockchain networks, without the involvement of intermediaries such as banks or other financial institutions. DeFi aims to create a more open and accessible financial system that is accessible to anyone with an internet connection. DeFi services and products include lending and borrowing platforms, decentralized exchanges, asset management, insurance, and other financial services that can be accessed and managed through decentralized applications (DApps) on a blockchain network.Additional Information:
DeFi services are available on various blockchain networks, but the majority of the DeFi ecosystem is currently built on the Ethereum blockchain. Some of the key DeFi services available include Compund, Aave & Marker DAO. One other example of a key player in the DeFi space is Uniswap, which is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for intermediaries such as banks or exchanges. Uniswap uses an automated market maker (AMM) system to determine prices and liquidity, which is a new model for trading that does not rely on traditional order books. This allows for more decentralized and accessible trading, as anyone can participate in the network and earn fees by contributing liquidity.In-Scope
- Decentralized exchanges (DEXs)
- Decentralized lending and borrowing platforms
- Stablecoins
- Decentralized payment systems
Out-Of-Scope
- Traditional financial services such as banking and lending that are regulated by governments and require licenses
- Physical assets such as real estate or commodities that are not easily tokenized and traded on blockchain networks.
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